Story perspectives

Senate Pushes Ethics Rule to Bar Trump From Crypto Sponsorship

4/27/2026

Summary

Story summary

Senate negotiates ethics provision in crypto bill to bar president and government staff from sponsoring assets.
Democrats, led by Sen. Adam Schiff (D-Calif.), want a ban and adviser Patrick Witt negotiates with Sen. Cynthia Lummis (R-Wyoming).
Retiring Sen. Thom Tillis (R-NC) and other Banking Committee members say they will oppose the bill without ethics language.
Democrats cite the Trump family’s $1 billion crypto holdings as leverage over President Donald Trump’s crypto-capital pledge.

1 of 1

Story summary

Senate negotiates ethics provision in crypto bill to bar president and government staff from sponsoring assets.
Democrats, led by Sen. Adam Schiff (D-Calif.), want a ban and adviser Patrick Witt negotiates with Sen. Cynthia Lummis (R-Wyoming).
Retiring Sen. Thom Tillis (R-NC) and other Banking Committee members say they will oppose the bill without ethics language.
Democrats cite the Trump family’s $1 billion crypto holdings as leverage over President Donald Trump’s crypto-capital pledge.